ICICI Savings Account now requires minimum balance of Rs 50,000 ICICI Bank just made a big move. From 1 August 2025, if you open a new savings account, you’ll need to keep a lot more money parked in it every month.
Here’s the breakdown. If your branch is in a metro or an urban area, your minimum average balance (MAB) jumps from ₹10,000 to ₹50,000. That’s five times higher than before. In semi-urban areas, the requirement goes from ₹5,000 to ₹25,000. Rural accounts? From ₹2,500 to ₹10,000.
What happens if you fall short?
The bank will charge the lower of 6% of the shortfall or ₹500. For example, in a metro branch, if you’re ₹10,000 short, you’d normally be charged ₹600. Under the new rules, it’s capped at ₹500. Small comfort, but still a change.
Cash transaction rules are changing too.
You now get three free cash deposits per month—but only up to ₹1 lakh in total. Go beyond that, and you’ll pay either ₹150 per extra deposit or ₹3.50 per ₹1,000 deposited, whichever is higher.
What this really means for you
If you keep large balances anyway, this might not affect you much. But for anyone who keeps just enough to meet the current minimum, this is a major shift. It’s not just about avoiding penalties—it’s about whether your money could work harder somewhere else instead of sitting in a savings account.